London Area Veterinary Hospital - REF.#1203
Appraised price - practice: $912,081
Asking and appraised price - real estate: $1,120,000
REF#. : #1203
Type: Veterinary Hospital
Region: London/Middlesex County Area
SQFT: ~3,000 sq/ft - Stand alone building
Gross Rev: $1,235,281
Status: CONDITIONALLY SOLD
Welcome to the exclusive presentation of this beautiful, consistently growing, stand-alone veterinary hospital. Loyally servicing the community for over 45 years, this is a rare opportunity to own not only a thriving veterinary hospital, but also the exquisite, 2.3-acre real estate complete with a stand-alone practice and a stand-alone residential house. Be your own landlord, build personal equity, and step directly into a thriving career with an above average cash-flow.
The owner has done an excellent job training and hiring staff members while creating a staff empowering, positive culture. The technicians as well as the practice manager are encouraged and comfortable taking charge, being heavily involved within the practice and interacting with clients. This empowering atmosphere allows this one doctor practice to function smoothly and efficiently, superior to most multi-doctor practices, effortlessly achieving an excellent gross revenue and normalized cash flow.
This opportunity provides a well above average cash flow to an owner/operator, even while servicing your debt to the bank for both the practice and the Real Estate. The Real Estate consists of 2.3 acres, the ~3,000-square foot facility the practice is in, as well as a stand-alone house in an area rapidly developing and consistently showing positive land appreciation value. Equipped with 2 full examination rooms with the ability to easily convert an office into a third, this practice has the space and layout required to easily accommodate continued and future growth.
This hospital has an extremely loyal client base and has shown an exceptional ability to achieve year over year organic growth with little to no marketing and promotional work being done. Continued growth in this hospital is very achievable should one wish to expand to a multi-doctor practice.
· Fully Digitalized Hospital – AVImark software
· Real Estate available for purchase – 2 stand-alone structures: 1 commercial, 1 residential
· Well above average one doctor gross revenue and Cash-Flow
· Large, loyal client base
· Year after year continuous practice revenue growth
· Extremely well trained, energetic staff used to tracking practice statistics
Private and confidential appointments to view the hospital and real estate will be begin on Sunday, March 24th 2019.
The full appraisal is ready and will be sent to those interested parties who book their private and confidential appointment.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this rare opportunity, please contact Jon Walton.